Litecoinforecast
LTC Litecoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin (LTCUSD).
The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Litecoin.
Included in the chart: Trendline, Support and Resistance Lines, Ichimoku Cloud, VPVR ( Volume Profile Visible Range), EMA Ribbons, Volume , Descending Wedge, RSI, MFI (Money Flow Index), Trend Analysis.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
LTC 3D Pattern “Cup and Handle” finishes its formationFor a long time, 7 months we have not updated the idea for the pair LTCUSDT, because the previous idea was working perfectly and the "Cup with handle" pattern was formed.
Below you can see our thoughts about the prospects of the LTCUSD pair 7 months ago.
In April 2021 we wrote that it would be good to buy Lite in the area of $90-125 for the long term . And already on the May decline, the price low for LTC was $104 . That is, if you have listened to our thoughts and set up a few buy orders in this area, most of the orders would have been executed, and the investments would have shown +100-130% by now.
However, we should not get upset, perhaps the fate will give us one more chance to buy Litecoin long. Maybe, the price of LTCUSDT will go down to $160-170 once again , where the buyers should finally confirm their strength and serious intentions to continue growth.
The global aims for growth of LTCUSD price have not changed for 7 months; we have described them in our previous idea, and we will mention them again — they are $765-785.
There are good growth perspectives in LTCBTC as well, at least +150%, because the price is just trying to push back from the absolute bottom.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Litecoin can rise 15-20%Litecoin held pretty well during yesterday's selloff and the coin couldn't drop to make a new low, instead confirming that bulls are very strong under 100 figure.
At this point, we can speculate that a double bottom is forming on short time frames, with the neckline at around 110.
In my opinion, dips towards 100 should be bought and, with the pressure lifted from the sell-side in the crypto market, a break above the neckline is very probable.
Short term traders can target 125 resistance for their buy orders and negation comes with a drop under 95
Litecoin- New leg up to 180?After finding a bottom at 120, LtcUsd has reversed and made a local high slightly above 150 figure. A correction followed and the price dropped again to 130 zone. Here Litecoin seems to have found bids and we can expect a new leg up from this crypto.
This leg up can drive the price to 170 resistance with an extension to 180.
I'm bullish as long as Litecoin stays above the recent low.
Why you should have a position in LTCUSD LTC has solid fundamentals and would function well in a crypto driven society
Especially in retail environments
As you can see price has returned from its peak to a low of about $40 during the bear cycle
Recently since the bull market has begun, price increased sharply up to ~300-400 and has slightly retraced, this is the first move, in a larger bull market.
Also based on where price is situated, and history showing previous highs acting as support levels.
Litecoin is one of the first coins I got into. Lets see how high it goes.
Litecoin- 20% potential gain if it breaks 140After reaching 120 recent low, Litecoin has started to recover and now is trading exactly under a very important confluence of resistances.
140 is the line in the sand for this crypto and a break above this figure could lead to acceleration and a visit to 165-170 zone resistance
Back under 130 would delay this scenario
LTCUSD: Why should we love Litecoin too? 😃 Hello my friends!
Why is Litecoin a good addition to Bitcoin? Litecoin has Lightning for instant transfer and Atomic Swaps for cross-blockchain trading. Litecoin is a pure cryptocurrency like Bitcoin. It was created based on the Bitcoin protocol. It has a low block time and low transaction fees. Litecoin is one of the most widely accepted cryptocurrencies, because of its speed and cost-effectiveness. 100% uptime. Around 67 million LTC have already been mined. The maximum is 84 million (year 2140).
It is interesting to see how the Litecoin price behaves before and after halving.
That's why I've included Litecoin's halvings in the chart. Of course, Litecoin is also dependent on Bitcoin dominance, but it always seems to behave like a cup with a handle. The halving is in nearthe middle in terms of time. It is also interesting that a first upward movement ends at 1,618 to then reach the halving top in the area 3,618/4,618. Accordingly, the halving top this time could be at around 2,500 USD, but at least at 1,000 USD imo.
--
Let's see what happens.
Happy trading. :-)
--
Litecoin- Next stop 100?I've said it before, Litecoin is the weakest of all big 4 with the price consolidating in a tight range in December and with clear no buying power.
Finally, we have a break under 140 support and now the price is trading at 129. I expect continuation to the downside and 100 figure can be seller's target.
Sell rallies is a good strategy for Litecoin and only price above 160 would negate this bearish scenario
LITECOIN LAYER 1 BLOCKCHAIN.. 1 of the oldest in the game. Greeeeeeeeetings my friends from Amsterdam..
Today my eyes on LITECOIN.. One of the oldest blockchain participants in the game...
The chart is looking very sexy...
definitely going to buy Litecoin because I have high hopes for layer 1 blockchains in the next run.. This in combination with Rollups projects.. Example MAtic and loopring etc...
Getting back to the chart.. We see the major trendline starting back all at 20 october of 2020 till now..
We see the minor more recent trendline and that support line.. Price makes a run, pullback another run and than pullback all the way back at that support line..
Well that wouldn't have been the case if the American indices didn't fall because of the Omicron variant on the 4th of December..
Most of the Altcoins have had a run recently getting back up after that day.. As you see Litecoin hasn't..
Price is ranging/accumulating getting ready for a blow off...